The monthly inflation rate in Argentina fell to 2.7 percent in June 2019 from 3.1 percent in the previous month. It was the lowest inflation in six months, mostly due to slowdown in housing & utilities (2.7 percent vs 4.0 percent in May); transport (1.6 percent vs 3.5 percent); clothing & footwear (1.9 percent vs 3.4 percent); and health (3.6 percent vs 5.1 percent). On the other hand, cost of food & beverage increased 2.6 percent, faster than a 2.4 percent in May, boosted by double-digit inflation for yogurt and powdered milk. Also, liquor & tobacco inflation jumped to 2.7 percent from 2.2 percent. Prices in the Great Buenos Aires area eased to 2.6 percent from 3.0 percent in the prior month. On an annual basis, consumer prices advanced 55.8 percent, slowing from a 57.3 percent gain in May. Inflation Rate Mom in Argentina averaged 2.35 percent from 2014 until 2019, reaching an all time high of 6.50 percent in April of 2016 and a record low of 0.20 percent in August of 2016.
Inflation Rate Mom in Argentina is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Argentina to stand at 2.10 in 12 months time. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.30 percent in 2020, according to our econometric models.